United States Home Remodeling Market Growth, Size, Trends, Demand, Share and Future Outlook: SPER Market Research

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Published: May 2024	Report ID: COAM2418	Pages: 1 - 108	Formats^*:
Category : Construction & Manufacturing

United States Home Remodeling Market Introduction and Overview

According to SPER Market Research, the United States Home Remodeling Market is estimated to reach USD XX billion by 2033 with a CAGR of XX%.

The report includes an in-depth analysis of the United States Home Remodeling Market, including market size and trends, product mix, applications, and supplier analysis. The process of improving, refurbishing, or changing residential homes to raise its value, use, or both is known as "home remodeling." Numerous factors have contributed to the amazing rise of the worldwide home renovation market. The demand for kitchen, bathroom, basement, exterior, and entire house remodeling has increased due to rising disposable incomes, changing lifestyle preferences, and an increasing focus on sustainable and energy-efficient solutions. A makeover needs to be carefully planned, coordinated, and carried out. One of the most important things to think about is the time commitment. The time it takes to remodel a property can vary greatly, taking weeks, months, or even longer depending on how much is desired.

August 2023; An innovative instrument called the Building Products Demand Meter was introduced by John Burns Research and Consulting in association with Home Innovation Research Labs. This instrument is intended to track installed residential construction product quantities in the United States, both historical and present, across several key categories.

November 2023; Texas based Eco-Soil Stabilizers, which provides homebuilders and residential clients with a patented soil stabilization injection technique, was purchased by Groundworks Company. Therefore, Groundworks Company wants to use this technology to improve residential building foundation repairs across the United States.

Market Opportunities and Challenges

Opportunities: There is an increasing chance to incorporate smart home technologies and gadgets into remodeling projects as technology develops. This comprises energy-management technologies, security systems, and smart appliances that improve efficiency, convenience, and safety. The market for energy-efficient and environmentally friendly home upgrades is growing. There are large market prospects for eco-friendly building materials, high-efficiency HVAC systems, and solar panel installations. Renovations that make homes more accessible for senior citizens are becoming more and more necessary as the population ages. This covers tasks like installing ramps and lifts and remodeling bathrooms to include walk-in bathtubs.

Challenges: The cost of trained personnel, equipment, and building supplies has increased significantly, which is causing a challenge for the home renovation industry. These cost increases may discourage homeowners from taking on large-scale projects or force them to lower their expectations. In addition, pricing volatility is exacerbated by supply chain interruptions and fluctuations in the world economy, which can lead to delays and higher project costs. There is a severe labor shortage in the construction sector, which presents serious difficulties and raises labor prices and delays project completion times. For smaller contractors and do-it-yourself, this shortage is especially problematic.

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Market Competitive Landscape

Large national stores, service providers, small local firms, and other stakeholders make up the highly fragmented competitive environment of the United States home remodeling market. The major players in the market are Andersen, Bauhaus Custom Homes LLC, Dow, Hornbach Holding AG & Co.KGAA, Ikea systems B.V., Kohler Co., Livspace, Mohawk Industries Inc., Owens Corning, Pella Corporation, others.

Scope of the Report:

Report Metric	Details
Market size available for years	2020-2033
Base year considered	2023
Forecast period	2024-2033
Segments covered	By Type, By Product, By Application, By End-User, Bye End-Use
Regions covered	Eastern Region, Western Region, Northern Region, Southern Region
Companies Covered	Andersen, Bauhaus Custom Homes LLC, Dow, Hornbach Holding AG & Co.KGAA, Ikea systems B.V., Kohler Co., Livspace, Mohawk Industries Inc., Owens Corning, Pella Corporation, others.

COVID-19 Impact on United States Home Remodeling Market

Due to frequent supply chain disruptions, labor shortages, and project cancellations, the COVID-19 pandemic has had a negative impact on supply chain vendors, owners, developers, realtors, and other members of the building and construction sector. The industry saw further deterioration as a result of the national economic downturn. But since the lockup in the previous quarter, there has been a swift rebound, driven mostly by an increase in the use of the funds for renovation, addition, and interior design projects.

Key Target Audience:

Homeowners
Real Estate Investors
DIY Enthusiasts
Design and Home Improvement Enthusiasts
High-end clients
Families
Eco Conscious Consumers

Our in-depth analysis of the United States Home Remodeling Market includes the following segments:

By Service Type:	Full-Remodeling Service Providers Specialized Service Providers
By Project:	DIY DIFM
By Application:	Flooring Walls
By End-Use:	Kitchen Improvements and Additions Disaster Repairs Exterior and Interior Replacement

Key Topics Covered in the Report:

United States Home Remodeling Market Size (FYâ€™2024-FYâ€™2033)
Overview of United States Home Remodeling Market
Segmentation of United States Home Remodeling Market By service Type (Full Remodeling Services Providers, Specialized Service Providers)
Segmentation of United States Home Remodeling Market By Project (DIY, DIFM)
Segmentation of United States Home Remodeling Market By Application (Flooring, Walls)
Segmentation of United States Home Remodeling Market By End-Use (Kitchen Improvements and Additions, Disaster Repairs, Exterior and Interior Replacement)
Statistical Snap of United States Home Remodeling Market
Expansion Analysis of United States Home Remodeling Market
Problems and Obstacles in United States Home Remodeling Market
Competitive Landscape in the United States Home Remodeling Market
Impact of COVID-19 and Demonetization on United States Home Remodeling Market
Details on Current Investment in United States Home Remodeling Market
Competitive Analysis of United States Home Remodeling Market
Prominent Players in the United States Home Remodeling Market
SWOT Analysis of United States Home Remodeling Market
United States Home Remodeling Market Future Outlook and Projections (FYâ€™2024-FYâ€™2033)
Recommendations from Analyst

1. Introduction

1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology

2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPERâ€™s internal database
2.1.4. Premium insight from KOLâ€™s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation

3. Executive Summary

4. Market Dynamics

4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the United States Home Remodelling Market.

5. Market variable and outlook

5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTERâ€™s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis

6. Competitive Landscape

6.1. United States Home Remodeling Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in United States Home Remodeling Market

7. United States Home Remodeling Market, By Service Type (USD Million) 2020-2033

7.1. United States Home Remodeling Market Size, Share and Forecast, By Service Type, 2020-2026
7.2. United States Home Remodeling Market Size, Share and Forecast, By Service Type, 2027-2033
7.3. Full-Remodeling Service Providers
7.4. Specialized Service Providers

8. United States Home Remodeling Market, By Project (USD Million) 2020-2033

8.1. United States Home Remodeling Market Size, Share and Forecast, By Project, 2020-2026
8.2. United States Home Remodeling Market Size, Share and Forecast, By Project, 2027-2033
8.3. DIY
8.4. DIFM

9. United States Home Remodeling Market, By Application (USD Million) 2020-2033

9.1. United States Home Remodeling Market Size, Share and Forecast, By Application, 2020-2026
9.2. United States Home Remodeling Market Size, Share and Forecast, By Application, 2027-2033
9.3. Flooring
9.4. Walls

10. United States Home Remodeling Market, By End-Use (USD Million) 2020-2033

10.1. United States Home Remodeling Market Size, Share and Forecast, By End-Use, 2020-2026
10.2. United States Home Remodeling Market Size, Share and Forecast, By End-Use, 2027-2033
10.3. Kitchen Improvements and Additions
10.4. Disaster Repairs
10.5. Exterior and Interior Replacement

11. United States Home Remodeling Market Forecast, 2020-2033 (USD Million)

11.1. United States Home Remodeling Market Size and Market Share

12. United States Home Remodeling Market, By Region, 2020-2033 (USD Million)

12.1. United States Home Remodeling Market Size and Market Share By Region (2020-2026)
12.2. United States Home Remodeling Market Size and Market Share By Region (2027-2033)
12.3. Pennsylvania
12.4. New York
12.5. Florida
12.6. Georgia
12.7. Virginia
12.8. Ohio
12.9. Michigan
12.10. Illinois
12.11. Rest of United States

13. Company Profile

13.1. ANDERSEN
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. BAUHAUS CUSTOM HOME, LLC
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. DOW
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. HORNBACH HOLDING AG & CO. KGAA
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. IKEA SYSTEMS B.V.
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. KOHLER CO.
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
13.7. LIVSPACE
13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments
13.8. MOHAWK INDUSTRIES, INC.
13.8.1. Company details
13.8.2. Financial outlook
13.8.3. Product summary
13.8.4. Recent developments
13.9. OWENS CORNING
13.9.1. Company details
13.9.2. Financial outlook
13.9.3. Product summary
13.9.4. Recent developments
13.10. PELLA CORPORATION
13.10.1. Company details
13.10.2. Financial outlook
13.10.3. Product summary
13.10.4. Recent developments
13.11. Others

14. Conclusion

15. List of Abbreviations

16. Reference Links

SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

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SPER-Methodology-2

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Frequently Asked Questions About This Report

How big is the United States Home Remodeling Market?

United States Home Remodeling Market is projected to reach USD XX billion by 2033, growing at a CAGR of XX% during the forecast period.

What is the growth rate of the United States Home Remodeling Market?

United States Home Remodeling Market size from 2022. The Market is expected to reach USD XX billion by 2033, at a CAGR of XX% during the forecast period.

What is the anticipated CAGR of the United States Home Remodeling Market?

United States Home Remodeling Market CAGR of XX% during the forecast period.

How can I get a sample report on the United States Home Remodeling Market?

You can get the sample pages by clicking the link - Click Here

What is the market size of the United States Home Remodeling Market?

United States Home Remodeling Market size is XX billion from 2024 to 2033.

Which segment is expected to United States Home Remodeling Market?

United States Home Remodeling Market Segment is covered By Type, By Product, By Application, By End-User, Bye End-Use.

Which region is expected to have the highest market share in the United States Home Remodeling Market?

The North America anticipated to have the highest market share in the United States Home Remodeling Market

Who are the key players in United States Home Remodeling Market?

The key players in the market include Companies Covered Andersen, Bauhaus Custom Homes LLC, Dow, Hornbach Holding AG & Co.KGAA, Ikea systems B.V., Kohler Co., Livspace, Mohawk Industries Inc., Owens Corning, Pella Corporation, others.

What is the conclusion of the United States Home Remodeling Market?

One of the most important things to think about is the time commitment. The time it takes to remodel a property can vary greatly, taking weeks, months, or even longer depending on how much is desired.